Topic: State Bank of India
SBI first dedicated branch to support start-ups
On August 16, 2022, State Bank of India (SBI) launched the first “state-of-the-art” dedicated branch for start-ups to extend support and facilitate them. This branch is located in...
NITI Aayog submits names of PSU banks to be privatised
NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised...
SBI revises FY22 GDP projection to 7.9%
Economic research department of State Bank of India has published “Ecowrap 2021” report and revised real GDP projection for Financial Year 2022 to 7.9 percent from 10.4 percent...
Public Sector Banks announce new loans
Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic. What are those announcements? PSBs would provide...
RBI imposes Rs 2 crore penalty on SBI
The Reserve Bank of India (RBI) has announced on March 16, 2021 that it has fined India’s largest lending bank “State Bank of India (SBI)” with Rs 2...
Ashwani Bhatia appointed as the Managing Director of SBI
Ashwani Bhatia has been appointed as the managing director of State Bank of India by the Appointments Committee of the Cabinet, headed by Prime Minister of India. He...
Banks sanction loans worth over Rs 1.5 lakh crore under ECLGS for MSME
The finance ministry declared, Public and Private Sector Banks have disbursed loans over Rs 1.5 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME...
Reliance Industries at 96th rank in Fortune Global 500 list
Reliance Industries, headed by the Indian Billionaire Mukesh Ambani, has jumped 10 places to break into the world’s top 100 companies on the Fortune Global 500 list. Reliance...
GoI introduces Floating Rate Savings Bonds
On June 26, 2020, the Government of India introduced Floating Rate Savings Bonds. Highlights The bond is to replace savings bonds that were offered by GoI till May... SBI to provide 0.25% of its annual profit to tackle coronavirus outbreak
The country’s largest bank State Bank of India (SBI) announced that it will provide 0.25% of its annual profit for the year 2019-20 to support health care for... SBI unveils emergency credit line for borrowers amid coronavirus outbreak
India’s largest lender State Bank of India has recently unveiled an emergency credit line to meet liquidity mismatch for its borrowers, amid the coronavirus pandemic scare. The additional...
